The Brazilian National Bank for Economic and Social Development (BNDES) is tokenizing the country’s national currency through ethereum’s public blockchain to increase transparency. “Any Brazilian can see the companies involved in the transaction and the transactions carried out. Critical information will not be stored in a database within BNDES. They will be public in the blockchain,” Suzana Maranhão, a member of the BNDES Token Team, says according to a rough translation. Sponsored Borrowers from the State Development Bank and those given grants will receive ERC20 Ethereum tokens called BNDES Token, each fixed at the value of 1 real. With the tokens being redeemable at will...